Sharplink Gaming Ltd
Sharplink, Inc. operates as an institutional-grade Ethereum treasury platform that provides public market investors with exposure to ETH. The platform focuses on Ethereum, which is used in various stablecoin, tokenized real-world asset, and decentralized finance settlement applications. The company also provides online affiliate marketing service. The company was formerly known as SharpLink Gamin… Read more
Sharplink Gaming Ltd (SBET) - Net Assets
Latest net assets as of December 2025: $2.42 Billion USD
Based on the latest financial reports, Sharplink Gaming Ltd (SBET) has net assets worth $2.42 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.43 Billion) and total liabilities ($12.75 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.42 Billion |
| % of Total Assets | 99.48% |
| Annual Growth Rate | 25.1% |
| 5-Year Change | 16945.59% |
| 10-Year Change | 129954.68% |
| Growth Volatility | 24171.28 |
Sharplink Gaming Ltd - Net Assets Trend (2002–2025)
This chart illustrates how Sharplink Gaming Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Sharplink Gaming Ltd (2002–2025)
The table below shows the annual net assets of Sharplink Gaming Ltd from 2002 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $2.42 Billion | +116038.70% |
| 2024-12-31 | $2.08 Million | +122.16% |
| 2023-12-31 | $-9.40 Million | -414.74% |
| 2022-12-31 | $2.99 Million | -78.96% |
| 2021-12-31 | $14.19 Million | +422.79% |
| 2020-12-31 | $2.71 Million | -12.57% |
| 2019-12-31 | $3.10 Million | +29.21% |
| 2018-12-31 | $2.40 Million | +40.36% |
| 2017-12-31 | $1.71 Million | -7.96% |
| 2016-12-31 | $1.86 Million | -69.75% |
| 2015-12-31 | $6.15 Million | +9.18% |
| 2014-12-31 | $5.63 Million | -21.35% |
| 2013-12-31 | $7.16 Million | +28.59% |
| 2012-12-31 | $5.57 Million | +45.33% |
| 2011-12-31 | $3.83 Million | +13.95% |
| 2010-12-31 | $3.36 Million | +7.96% |
| 2009-12-31 | $3.12 Million | -18.00% |
| 2008-12-31 | $3.80 Million | +142.13% |
| 2007-12-31 | $1.57 Million | -79.20% |
| 2006-12-31 | $7.54 Million | -17.79% |
| 2005-12-31 | $9.17 Million | -13.92% |
| 2004-12-31 | $10.66 Million | -26.32% |
| 2003-12-31 | $14.46 Million | +3.22% |
| 2002-12-31 | $14.01 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sharplink Gaming Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 48085.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $20.00K | 0.00% |
| Other Components | $3.23 Billion | 133.58% |
| Total Equity | $2.42 Billion | 100.00% |
Sharplink Gaming Ltd Competitors by Market Cap
The table below lists competitors of Sharplink Gaming Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vericel Corporation
F:ATQP
|
$1.45 Billion |
|
Kohl's Corporation
NYSE:KSS
|
$1.45 Billion |
|
TriCo Bancshares
NASDAQ:TCBK
|
$1.45 Billion |
|
Fujian Sunner Development Co Ltd
SHE:002299
|
$1.45 Billion |
|
TAL Education Group
NYSE:TAL
|
$1.45 Billion |
|
Hwa Create Corp Ltd
SHE:300045
|
$1.45 Billion |
|
Arbor Realty Trust
NYSE:ABR
|
$1.45 Billion |
|
Randstad Holdings NV
PINK:RANJY
|
$1.45 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sharplink Gaming Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,082,869 to 2,419,017,000, a change of 2,416,934,131 (116038.7%).
- Net loss of 734,587,000 reduced equity.
- Share repurchases of 31,692,000 reduced equity.
- Other factors increased equity by 3,183,213,131.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-734.59 Million | -30.37% |
| Share Repurchases | $31.69 Million | -1.31% |
| Other Changes | $3.18 Billion | +131.59% |
| Total Change | $- | 116038.70% |
Book Value vs Market Value Analysis
This analysis compares Sharplink Gaming Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.13x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.00x to 1.13x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | $4272.07 | $8.20 | x |
| 2003-12-31 | $4507.46 | $8.20 | x |
| 2004-12-31 | $3313.74 | $8.20 | x |
| 2005-12-31 | $2594.46 | $8.20 | x |
| 2006-12-31 | $1885.03 | $8.20 | x |
| 2007-12-31 | $391.37 | $8.20 | x |
| 2008-12-31 | $837.89 | $8.20 | x |
| 2009-12-31 | $503.80 | $8.20 | x |
| 2010-12-31 | $543.03 | $8.20 | x |
| 2011-12-31 | $618.76 | $8.20 | x |
| 2012-12-31 | $884.95 | $8.20 | x |
| 2013-12-31 | $1092.28 | $8.20 | x |
| 2014-12-31 | $868.20 | $8.20 | x |
| 2015-12-31 | $617.06 | $8.20 | x |
| 2016-12-31 | $158.45 | $8.20 | x |
| 2017-12-31 | $137.36 | $8.20 | x |
| 2018-12-31 | $167.89 | $8.20 | x |
| 2019-12-31 | $148.64 | $8.20 | x |
| 2020-12-31 | $60.63 | $8.20 | x |
| 2021-12-31 | $119.09 | $8.20 | x |
| 2022-12-31 | $144.05 | $8.20 | x |
| 2023-12-31 | $-40.85 | $8.20 | x |
| 2024-12-31 | $7.26 | $8.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sharplink Gaming Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -30.37%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2618.38%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 1.01x
- Recent ROE (-30.37%) is above the historical average (-62.34%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | -0.76% | -1.08% | 0.55x | 1.26x | $-1.51 Million |
| 2003 | -1.78% | -2.80% | 0.51x | 1.26x | $-1.70 Million |
| 2004 | -40.84% | -46.23% | 0.61x | 1.44x | $-5.42 Million |
| 2005 | -45.98% | -36.48% | 0.84x | 1.51x | $-5.14 Million |
| 2006 | -31.89% | -22.94% | 0.75x | 1.86x | $-3.16 Million |
| 2007 | -358.57% | -60.25% | 1.10x | 5.40x | $-5.78 Million |
| 2008 | -25.27% | -10.97% | 0.82x | 2.80x | $-1.34 Million |
| 2009 | -28.15% | -7.67% | 1.16x | 3.17x | $-1.19 Million |
| 2010 | 7.26% | 2.10% | 1.21x | 2.86x | $-92.30K |
| 2011 | 12.29% | 3.92% | 1.23x | 2.54x | $87.80K |
| 2012 | 24.53% | 10.41% | 1.18x | 2.00x | $809.10K |
| 2013 | 18.61% | 10.69% | 0.99x | 1.76x | $616.90K |
| 2014 | -30.01% | -23.92% | 0.65x | 1.93x | $-2.25 Million |
| 2015 | -79.95% | -33.41% | 0.67x | 3.58x | $-5.53 Million |
| 2016 | -279.25% | -36.96% | 1.14x | 6.61x | $-5.38 Million |
| 2017 | -100.18% | -19.88% | 1.00x | 5.05x | $-1.89 Million |
| 2018 | -36.87% | -15.12% | 0.78x | 3.13x | $-1.13 Million |
| 2019 | -9.86% | -12.85% | 0.30x | 2.59x | $-616.65K |
| 2020 | -41.96% | -49.99% | 0.52x | 1.63x | $-1.41 Million |
| 2021 | -392.10% | -2111.13% | 0.13x | 1.45x | $-57.06 Million |
| 2022 | -510.07% | -436.49% | 0.05x | 21.78x | $-15.53 Million |
| 2023 | 0.00% | -287.58% | 0.07x | 0.00x | $-13.30 Million |
| 2024 | 484.89% | 275.77% | 1.42x | 1.23x | $9.89 Million |
| 2025 | -30.37% | -2618.38% | 0.01x | 1.01x | $-976.49 Million |
Industry Comparison
This section compares Sharplink Gaming Ltd's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $157,964,914
- Average return on equity (ROE) among peers: -57.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sharplink Gaming Ltd (SBET) | $2.42 Billion | -0.76% | 0.01x | $1.45 Billion |
| Armada Mercantile Ltd (AAMTF) | $-163.70K | 0.00% | 0.00x | $3.53 Million |
| ABG Sundal Collier Holding ASA (ABGSF) | $980.15 Million | 55.52% | 2.82x | $207.31 Million |
| Athena Bitcoin Global (ABIT) | $-8.36 Million | 0.00% | 0.00x | $16.38 Million |
| ABS-CBN Holdings Corporation (ABSOF) | $0.00 | 0.00% | 0.00x | $5.67 Million |
| American Bitcoin Corp (ABTC) | $473.78 Million | 8.36% | 0.14x | $200.98 Million |
| Abits Group Inc. (ABTS) | $6.74 Million | -73.26% | 1.15x | $4.60 Million |
| Argentex Group PLC (AGXTF) | $41.00 Million | 12.44% | 1.72x | $4.51 Million |
| Sphere 3D Corp (ANY) | $40.32 Million | -58.05% | 0.24x | $4.44 Million |
| Argo Blockchain PLC (ARBKF) | $33.15 Million | 5.93% | 0.34x | $2.16 Million |
| Arcane Crypto AB (ARCNF) | $13.03 Million | -530.34% | 8.88x | $1.38 Million |